Vision 2030

Difesa: Siglate 2 joint ventures per localizzare l'industria militare

Under the patronage and in the presence of Crown Prince Muhammad Bin Salman, deputy premier, minister of defense and Vice President of the Council of Ministers and Minister of Defense, the Saudi Arabian Military Industries (SAMI) inked the establishment of two new joint ventures with Thales and CMI Defence.

The agreement was held on the sidelines of the launch of the National Industrial Development and Logistics Program (NIDLP). The scope of the joint venture signed with the French company Thales includes air-defense short-range and counter-rockets radars, C2s, multi-mission missiles, and inter-communication radios. The project aims to invest in the facilities and equipment in the local market, at a localization ratio of 70%, while around 2,000 direct and indirect jobs will be generated for Saudi youth.

The second joint venture agreement, which is signed with Belgium’s CMI Defense, includes delivering multifunctional high-power turret systems for armored vehicles and all related services, providing in-country research and development and prototyping, design and systems engineering, supplier and material management, manufacturing, assembly and test, fielding and support, and upgrades, and integration of other OEM products and services. The project is expected to realize a localization rate of 60%, in addition to offering more than 700 direct and indirect jobs for the Saudi youth.

Ahmed Al-Khateeb, Chairman of SAMI, said these two joint ventures would play a large part in helping to achieve the objectives of Saudi Vision 2030. He added that they would help realize the ambitious announcement already made by the Crown Prince who said that he wants 50% of all military spending to be based locally by 2030.

Archivio Vision 2030